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Rangeview Latest Community Real Estate Quarterly Report – September 2024

Rangeview Community Market Report 

Overview: As of September 2024, Rangeview is emerging as one of Calgary's most exciting new communities. With its modern design, emphasis on sustainability, and family-friendly environment, Rangeview is attracting a growing number of buyers looking for a fresh, vibrant neighborhood.

Market Highlights:

  • Average Home Price: The average home price in Rangeview is approximately CAD 664,900, reflecting a 24.9% increase from September 2023. This steady growth indicates a strong demand as more buyers discover the advantages of this community.

  • Sales Activity: In September 2024, 4 homes were sold, 50% decrease from September 2023.

  • Days on Market: Homes in Rangeview are selling more quickly, with an average of 23 days on the market, down from 28 days in the same month last year. This reduction indicates a competitive market where buyers are motivated to act swiftly.

  • Inventory Levels: The community had around 18 active listings at the end of September 2024. This decline in inventory has contributed to the upward pressure on prices and faster sales.

Market Segmentation:

  • Detached Homes: 3 SOLD. The single-family home market is robust, with prices typically ranging from $595,000 to $890,557. Homes with modern layouts and energy-efficient features are particularly in demand.

  • Duplex Homes: Only 1 SOLD at $710,000, NEW, never occupied.

Neighborhood Insights:

  • Rangeview is designed with community living in mind, featuring parks, pathways, and green spaces that encourage outdoor activities and social interaction among residents.

  • The neighborhood is well-connected, with easy access to major roadways and nearby amenities, including shopping centers and schools, making it convenient for families and commuters alike.

Conclusion: The Rangeview real estate market has shown strong growth and resilience in September 2024. With rising home prices and an increase in sales activity, it is clear that the demand for properties in this innovative community is robust. The current balance of supply and demand will continue to shape the market dynamics.

Outlook: As we approach the end of the year, market conditions are expected to remain stable, although seasonal trends may influence inventory levels. The ongoing appeal of Rangeview’s modern design and community-oriented lifestyle is likely to keep buyer interest strong in the coming months.

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ICYMI: New mortgage rules and blueprint for home buyers' Bill of Rights - By CREB®

On September 16, CREA sent an email to members informing them of changes to mortgage rules announced by the federal government, along with a blueprint for a Home Buyers’ Bill of Rights.

The text of the email is below:

Earlier today, the federal government announced mortgage reforms aimed at increasing homeownership opportunities for first-time buyers:

• Increasing the price cap for insured mortgages from $1 million to $1.5 million, effective December 15, 2024.

• Expanding eligibility for 30-year mortgage amortization to all first-time home buyers, effective December 15, 2024.

• Extending eligibility for 30-year mortgage amortization to all buyers of new builds, effective December 15, 2024.

The Canadian Real Estate Association (CREA) welcomes these reforms, which represent a significant step towards improving access to homeownership and making housing more attainable, something REALTORS® have advocated for and continue to stand behind.

The federal government also released their blueprint for a Home Buyers’ Bill of Rights. The blueprint aligns with the Government of Canada’s commitment to improving housing access and affordability as outlined in Solving the Housing Crisis: Canada’s Housing Plan and builds on measures previously announced in Budget 2024.

The blueprint for a Home Buyers’ Bill of Rights serves as a framework designed to guide provinces, territories, and stakeholders in the housing space in developing and implementing effective housing policies. The recently announced mortgage reforms also aim to increase homeownership opportunities for first-time buyers. 

Acknowledging that governments share the responsibility to ensure Canadians’ right to adequate housing, this blueprint sets out four principles guiding the federal approach to creating a fair and well-functioning home buying system: 

1. Ensuring everyone has a safe and affordable place to call home: Investing in faster home construction, improving processes, and encouraging sustainable and innovative solutions to meet diverse housing needs. 

2. Fostering fairness and transparency: Enhancing regulatory oversight, enhancing financial literacy, and ensuring accessible information, with a focus on encouraging energy efficiency and climate resiliency at the time of sale and considering reforms such as blind bidding to promote a level playing field and informed decision-making.

3. Addressing inequity and discrimination: Extending amortization periods for first-time buyers, exploring alternative financing options like halal mortgages, and urging provincial and territorial governments to implement tailored programs and culturally appropriate services to support equity-denied groups and Indigenous peoples, while also enhancing legislation and complaint mechanisms to combat discrimination and barriers in the housing system.

4. Safeguarding the system: Implementing the Canadian Mortgage Charter and addressing tax loopholes, while urging provincial and territorial governments to enhance oversight of housing services, establish accessible complaint resolution processes, and impose strong enforcement measures, including increased inspections and significant penalties for misconduct, to protect consumer rights and ensure fairness in the market.

Over the following weeks, we will analyze the implications of these announcements and their potential impact on REALTORS®. 

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How many schools in Calgary Auburn Bay SE?

Auburn Bay School | Calgary Board of Education

Auburn Bay School, part of the Calgary Board of Education, is proud to serve students from Kindergarten to Grade 6. Our school community is dedicated to providing a high-quality education that fosters academic achievement, personal development, and social responsibility.

We offer a variety of engaging programs designed to meet the diverse needs of our learners, including enriched academic opportunities, arts education, and physical education. Our dedicated team of approximately 30 qualified teachers is committed to creating a supportive and challenging environment that encourages students to reach their full potential.

For families relying on transportation, we provide a safe and reliable school bus service, ensuring that all students have easy access to our facilities.

Auburn Bay School is recognized for its commitment to excellence, consistently ranking well in assessments by the Fraser Institute. Our focus on educational quality and student success reflects our goal of preparing students for future academic challenges and lifelong learning.

We invite you to join our vibrant school community, where every child is encouraged to explore, grow, and succeed!

Lakeshore School | Calgary Board of Education

Lakeshore School, part of the Calgary Board of Education, proudly serves students from Kindergarten to Grade 6 in the beautiful Auburn Bay community. Our mission is to provide a welcoming and inclusive environment where every child can thrive academically, socially, and emotionally.

We offer a diverse range of programs that cater to the unique needs of our students, including arts education, physical education, and enriched academic opportunities. With a dedicated team of approximately 30 teachers, we are committed to fostering a love of learning and helping each student reach their full potential.

To support our families, Lakeshore School provides a reliable school bus service, ensuring safe and convenient transportation for all our students.

Lakeshore School consistently receives positive rankings from the Fraser Institute, reflecting our commitment to high educational standards and student achievement. Our focus on academic excellence, alongside character development, prepares our students for future success.

We invite you to join our vibrant school community, where every child is encouraged to explore their interests, develop their talents, and build lasting friendships!

Prince of Peace School

Located in the heart of Auburn Bay, Prince of Peace School is a proud member of the Calgary Catholic School District, offering a nurturing environment for students from Kindergarten to Grade 9. Our school is dedicated to fostering a strong foundation in faith, academics, and character development.

At Prince of Peace, we provide a wide array of programs, including enriched curriculum options, arts education, and physical education, designed to meet the diverse needs of our students. Our dedicated staff, consisting of approximately 35 teachers, is committed to inspiring a love of learning and helping each student achieve their full potential.

For your convenience, we offer a reliable school bus service, ensuring that all students can easily access our facilities and participate in school activities.

Prince of Peace School consistently ranks well in assessments by the Fraser Institute, reflecting our commitment to academic excellence and student success. Our holistic approach not only emphasizes high educational standards but also nurtures the values of compassion, respect, and community.

We invite you to become part of our vibrant school community, where every child is encouraged to grow in knowledge, faith, and friendship!

St. Gianna School

Located in the thriving Auburn Bay community, St. Gianna School is a proud member of the Calgary Catholic School District, serving students from Kindergarten to Grade 6. Our mission is to provide a faith-centered education that promotes academic excellence, character development, and community engagement.

At St. Gianna, we offer a wide range of programs designed to meet the diverse needs of our students, including enriched academic courses, arts education, and physical education. Our dedicated staff of approximately 30 teachers is passionate about creating a supportive and inspiring learning environment that empowers each student to reach their full potential.

For families' convenience, we provide a reliable school bus service, ensuring safe and accessible transportation for all students.

St. Gianna School consistently ranks well in assessments by the Fraser Institute, highlighting our commitment to high educational standards and student success. We focus not only on academic achievement but also on nurturing values of compassion, respect, and community involvement.

We invite you to be a part of our vibrant school community, where every child is encouraged to grow in knowledge, faith, and friendship!

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

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Cranston Real Estate Market Report - August 2024

August 2024 showcased a dynamic real estate market in the Cranston community of Calgary, characterized by robust buyer activity and continued interest in this family-friendly neighborhood. Renowned for its picturesque landscapes, extensive amenities, and strong community spirit, Cranston remains a highly sought-after destination for homebuyers.

Market Overview: In August, Cranston recorded 48 home sales. 29 SOLD Detached houses $515,000 - $1,335,000 newer house in Riverstone; 3 SOLD Duplex houses $527,500 - $536,750; 8 SOLD Townhouses $370,000 - $600,000; 8 SOLD Apartments $353,000-$410,000.

Inventory and Trends: Currently, there are 67 active listings in Cranston, offering a variety of options, including single-family homes, townhouses, and condos. Homes are selling at an average of 21 days on market (DOM), Detached houses 22 days; Duplex houses 10 days; Townhouses 23 days; Apartments 15 days.

Community Insights: Cranston’s charm is enhanced by its extensive recreational facilities, including parks, walking trails, and access to the nearby Bow River. The community is known for its vibrant events and activities, fostering a strong sense of belonging among residents. Local amenities, such as schools, shopping centers, and dining options, further contribute to the quality of life in the area.

Looking Ahead: As we transition into September, the Cranston real estate market is expected to maintain its momentum. The end of summer often brings renewed buyer interest, creating opportunities for sellers. Buyers should be prepared for competition, particularly for sought-after listings. Overall, Cranston continues to thrive as a vibrant community within Calgary’s real estate landscape, offering both a desirable lifestyle and solid investment potential.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

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Real Estate Market Report: Rangeview, SE Calgary – August 2024

Market Overview: As of August 2024, Rangeview continues to experience a robust real estate market, characterized by steady demand and a diverse range of housing options. The community's commitment to sustainability, coupled with its appealing amenities, has made it a sought-after location for families and professionals alike.

Property Types: Rangeview offers a mix of property types, including single-family homes, townhouses, and duplexes.

Sales Activity: In August, there were 25 new listings, reflecting a slight increase in inventory compared to the previous month. Sales activity remained strong, with 9 properties sold, indicating a healthy turnover rate. The average days on market for properties in Rangeview is approximately 48 days, demonstrating that homes are selling relatively quickly in this desirable community.

Market Trends:

  • Increased Demand: The demand for homes in Rangeview has risen, driven by its family-friendly environment, proximity to schools, and recreational amenities.

  • Price Stability: As of August 2024, only 1 Duplex SOLD at $589,900, 8 SOLD Detached houses $617,000 - $970,000.

  • Community Development: Ongoing development projects, including parks and commercial spaces, are enhancing the community’s livability and contributing to sustained interest.

Conclusion: The real estate market in Rangeview, SE Calgary, remains strong as of August 2024, with steady demand, a diverse range of properties, and a vibrant community atmosphere. Buyers and investors looking for a welcoming neighborhood with excellent amenities will find Rangeview an appealing option. With ongoing developments and a solid market foundation, the future looks promising for this community.

Contact us for a Free Home Evaluation.

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Calgary Cranston Community Market Report – August 2024

Cranston Real Estate Market Report

August 2024 showcased a dynamic real estate market in the Cranston community of Calgary, characterized by robust buyer activity and continued interest in this family-friendly neighborhood. Renowned for its picturesque landscapes, extensive amenities, and strong community spirit, Cranston remains a highly sought-after destination for homebuyers.

Market Overview: In August, Cranston recorded 48 home sales. 29 SOLD Detached houses $515,000 - $1,335,000 newer house in Riverstone; 3 SOLD Duplex houses $527,500 - $536,750; 8 SOLD Townhouses $370,000 - $600,000; 8 SOLD Apartments $353,000-$410,000.

Inventory and Trends: Currently, there are 67 active listings in Cranston, offering a variety of options, including single-family homes, townhouses, and condos. Homes are selling at an average of 21 days on market (DOM), Detached houses 22 days; Duplex houses 10 days; Townhouses 23 days; Apartments 15 days.

Community Insights: Cranston’s charm is enhanced by its extensive recreational facilities, including parks, walking trails, and access to the nearby Bow River. The community is known for its vibrant events and activities, fostering a strong sense of belonging among residents. Local amenities, such as schools, shopping centers, and dining options, further contribute to the quality of life in the area.

Looking Ahead: As we transition into September, the Cranston real estate market is expected to maintain its momentum. The end of summer often brings renewed buyer interest, creating opportunities for sellers. Buyers should be prepared for competition, particularly for sought-after listings. Overall, Cranston continues to thrive as a vibrant community within Calgary’s real estate landscape, offering both a desirable lifestyle and solid investment potential.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

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Seton Calgary Real Estate Market Report – August 2024

Seton Community Market Report

August 2024 was a dynamic month for the Seton community in Calgary, known for its modern amenities, vibrant lifestyle, and convenient access to healthcare and retail. As the summer season wraps up, Seton’s real estate market continues to show robust activity, reflecting its growing popularity.

Market Overview: In August, Seton saw 19 home sales.

  • 3 SOLD Detached houses $658,000 - $765,000;

  • 1 SOLD Duplex house $569,000;

  • 8 SOLD Townhouses $295,000(Bungalow style) - $601,500;

  • 7 SOLD Apartments $277,000 - $382,500.

Inventory and Trends: Currently, there are 53 active listings in Seton, offering a mix of single-family homes, townhouses, and condos. Properties are moving quickly, with an average Days on Market (DOM) of 25 days, reflecting a competitive market. Homes that are well-maintained and appropriately priced often receive multiple offers, underscoring the demand in this vibrant community. Detached houses 14 days; Duplex house 36 days; Townhouses 23 days; Apartments 30 days.

Community Insights: Seton is well-known for its comprehensive amenities, including the South Health Campus, shopping centers, and recreational facilities. The community’s design promotes an active lifestyle, with numerous parks and walking paths. The ongoing development of new retail spaces and community services continues to enhance the living experience for residents.

Looking Ahead: As we transition into fall, the Seton real estate market is expected to maintain its momentum. While seasonal shifts may influence buyer activity, the community's strong appeal and diverse offerings are likely to keep demand steady. Sellers can take advantage of favorable market conditions, while buyers should remain proactive to capture opportunities in this thriving neighborhood. Overall, Seton stands out as an emerging gem in Calgary’s real estate landscape.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

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Mahogany Real Estate Market Report – August 2024

Mahogany Community Market Report

August 2024 proved to be a vibrant month for the Mahogany community in Calgary, known for its stunning lake, extensive amenities, and family-oriented atmosphere. As summer comes to a close, the real estate market in Mahogany remains strong, reflecting its continued desirability.

Market Overview: In August, Mahogany recorded 29 home sales. The average sale price rose to $602,900, indicating sustained demand and a healthy appreciation in property values. Buyers continue to show interest in Mahogany, drawn by the community’s attractive features and lifestyle offerings. 15 SOLD Detached houses $645,000-$2,700,000; 3 SOLD Duplex houses $590,000-$650,000; 6 SOLD Townhouses $454,000-$579,000; 5 SOLD Apartments $295,000(1-bedroom-apartment) - $1,574,055 Brand new luxury lakeview Estate condo. 

Inventory and Trends: The current inventory includes 98 active listings, showcasing a diverse range of properties, from single-family homes to townhouses. Homes are selling at an average of 20 days on market (DOM), which illustrates a competitive environment. Well-priced listings are frequently receiving multiple offers, underscoring the community's appeal. Detached houses 36 days; Duplex houses 22 days; Townhouses 36 days; Apartments 61 days.

Community Insights: Mahogany’s charm lies in its integration of nature and urban living. The community boasts an array of parks, pathways, and the picturesque lake, which provides opportunities for outdoor activities such as kayaking and swimming. Recent developments, including new shops and services, enhance the convenience for residents, making it a sought-after place to live.

Looking Ahead: As the fall season approaches, the Mahogany real estate market is expected to remain active. While the number of buyers may begin to taper, the community's strong fundamentals and lifestyle offerings will continue to attract interest. Sellers are advised to leverage the current demand, while buyers should act swiftly to seize opportunities in this thriving market. Overall, Mahogany continues to stand out as a prime destination in Calgary’s real estate landscape.

Contact us for a Free Home Evaluation.

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Auburn Bay Real Estate Market Report – August 2024

Auburn Bay Community Market Report

August 2024 marked an exciting month for the Auburn Bay community in Calgary, a neighborhood celebrated for its scenic lake, recreational amenities, and family-friendly atmosphere. As summer winds down, the real estate market has demonstrated resilience and continued appeal among homebuyers.

Market Overview: In August, Auburn Bay recorded 26 home sales. The competitive landscape remains robust, with many homes attracting multiple offers shortly after listing.

  • 14 SOLD Detached houses $565,000-$960,000.

  • 2 SOLD Duplex houses $510,000-$533,500;

  • 5 SOLD Townhouses $345,000-$525,000;

  • 5 SOLD Apartments $245,000(1-bedroom-apartment) - $435,000.

Inventory and Trends: Currently, there are 49 active listings in Auburn Bay, encompassing a variety of options from single-family homes to townhouses. Properties are selling quickly, with an average Days on Market (DOM) of 20 days. This brisk turnover indicates a healthy demand, particularly for well-maintained homes that meet buyers’ expectations.

  • Detached houses 23 days; 

  • Duplex houses 13 days; 

  • Townhouses 13 days; 

  • Apartments 22 days.

Community Insights: Auburn Bay's appeal is bolstered by its extensive amenities, including parks, schools, and the beautiful lake that serves as a hub for outdoor activities. The community’s strong sense of belonging is enhanced by various events and social gatherings, fostering connections among residents. Recent developments, including new retail spaces, further enrich the living experience.

Looking Ahead: As we move into the fall season, the Auburn Bay market is expected to maintain its momentum. While the number of buyers may taper off with the onset of cooler weather, the enduring demand for homes in this community suggests that opportunities will remain. Sellers are encouraged to capitalize on current market conditions, while buyers should remain vigilant as properties continue to be in high demand. Overall, Auburn Bay stands out as a prime location within Calgary's real estate landscape. 

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Calgary Real Estate Market Report: Copperfield August 2024

Overview

In August 2024, the Copperfield community in Southeast Calgary continues to demonstrate a vibrant real estate market characterized by strong demand, stable pricing, and diverse housing options. This report outlines the current market conditions, pricing trends, and community features that define the Copperfield area.

Market Trends

  1. Sales Activity:

    • August 2024 saw a 11% increase in sales compared to August 2023, reflecting ongoing buyer interest and a positive market environment.

    • A total of 32 properties were sold this month, including a mix of single-family homes, townhouses.

  2. Pricing:

    • 10 SOLD Detached houses $555,000-$794,635;

    • 8 SOLD Townhouses $402,000-$495,000;

    • 14 SOLD Apartments $238,001 - $358,000.

  3. Days on Market:

    • Homes in Copperfield are selling faster, with an average of 27 days on the market, down from 34 days in August 2023. This decrease indicates a competitive atmosphere, particularly for well-presented listings. Detached houses 21 days; Townhouses 35 days; Apartments 26 days.

Inventory Levels

  • Current Listings: There are approximately 60 active listings in Copperfield, providing a range of options for potential buyers and contributing to a balanced market.

  • The inventory turnover rate remains favorable, with properties typically selling within a month of being listed, demonstrating strong demand.

Community Insights

  • Demographics: Copperfield attracts a diverse range of residents, including families, young professionals, and retirees, due to its community-oriented environment and family-friendly amenities.

  • Amenities: The community features parks, playgrounds, walking paths, and a local community center, enhancing the overall living experience. Proximity to schools and shopping facilities further increases its appeal to families.

Economic Factors

  • Calgary's economy remains stable, with low unemployment rates contributing to increased consumer confidence in the housing market.

  • Interest rates are holding steady, which encourages buyer activity and supports a favorable environment for those considering home purchases.

Conclusion

The real estate market in Copperfield is thriving as of August 2024, marked by increased sales, rising prices, and a competitive market atmosphere. The community's desirable amenities and economic stability make it an attractive option for homebuyers.

Recommendations for Buyers and Sellers:

  • Buyers: Act promptly on appealing listings, and consider obtaining pre-approval for financing to strengthen your position in this competitive market.

  • Sellers: Price your home strategically based on current market trends and consider enhancing curb appeal to attract potential buyers.

This report provides a snapshot of the current state of the Copperfield real estate market, offering valuable insights for prospective buyers and sellers.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

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Calgary Real Estate Market Report: New Brighton August 2024

Overview

As of August 2024, New Brighton in Southeast Calgary remains a vibrant and appealing community for homebuyers, marked by strong demand, rising prices, and a diverse array of housing options. This report provides a comprehensive analysis of the current market conditions, pricing trends, and community features influencing the New Brighton real estate landscape.

Market Trends

  1. Sales Activity:

    • August 2024 recorded a 14% increase in sales compared to August 2023, highlighting ongoing buyer interest in the area.

    • A total of 16 properties were sold this month, comprising a mix of single-family homes, townhouses, and duplexes. The highest sold price was close to $900,000.

  2. Pricing:

    • 16 SOLD Detached houses $555,000-$895,000;

    • 4 SOLD Townhouses $425,000-$470,000;

    • 1 SOLD Apartment $377,500 2-bed-2-bath.

  3. Days on Market:

    • Homes in New Brighton are selling faster, with an average of 27 days on the market, down from 32 days in August 2023. This decrease suggests a competitive market environment, particularly for well-priced properties.

Inventory Levels

  • Current Listings: There are approximately 65 active listings in New Brighton, providing a range of options for potential buyers while maintaining a balanced market.

  • The inventory turnover rate is favorable, with properties typically selling within a month of being listed, indicating strong demand.

Community Insights

  • Demographics: New Brighton attracts a diverse demographic, including families, young professionals, and retirees, drawn by its community-oriented atmosphere and family-friendly amenities.

  • Amenities: The community boasts excellent amenities, including parks, playgrounds, walking paths, and a community center. Local schools and nearby shopping options enhance its appeal, making it a desirable location for families.

Economic Factors

  • The Calgary economy continues to show resilience, with low unemployment rates and growing consumer confidence contributing to a favorable housing market.

  • Stable interest rates are encouraging buyer activity, making it an opportune time for prospective homeowners to explore financing options.

Conclusion

The real estate market in New Brighton is thriving as of August 2024, characterized by increased sales, rising prices, and a competitive atmosphere. The combination of community amenities and economic stability makes New Brighton a sought-after destination for homebuyers.

Recommendations for Buyers and Sellers:

  • Buyers: With a competitive market, it’s advisable to act quickly on appealing listings. Consider securing pre-approval for financing to strengthen your position.

  • Sellers: Price your home competitively based on current market trends and consider minor enhancements to increase its marketability.

This report provides valuable insights into the current state of the New Brighton real estate market, aiding prospective buyers and sellers in making informed decisions.

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Calgary Real Estate Market Report: McKenzie Towne August 2024

Overview

As of August 2024, McKenzie Towne in Southeast Calgary remains an attractive community for homebuyers, characterized by steady demand, rising prices, and a diverse selection of properties. This report provides a detailed look at the market dynamics, pricing trends, and community features that are shaping the real estate landscape in McKenzie Towne.

Market Trends

  1. Sales Activity:

    • August 2024 saw a 12% increase in sales compared to August 2023, indicating a robust buyer interest.

    • A total of 45 properties were sold during the month, including a mix of single-family homes, duplex house, townhouses, and condos. 

  2. Pricing:

    • 18 SOLD Detached houses $520,000 - $880,000;

    • 3 SOLD Duplex houses $483,000-$510,000;

    • 10 SOLD Townhouses $326,000-$525,000;

    • 14 SOLD Apartments $255,000-$450,000.

  3. Days on Market:

    • Homes are selling more quickly, with an average of 29 days on the market, down from 35 days in August 2023. This decline suggests a competitive environment, particularly for well-maintained properties.

Inventory Levels

  • Current Listings: There are approximately 70 active listings in McKenzie Towne, offering a variety of options for potential buyers.

  • The inventory turnover rate is favorable, with properties generally selling within a month of listing, indicating strong demand and a balanced market.

Community Insights

  • Demographics: McKenzie Towne attracts a mix of families, young professionals, and retirees, thanks to its community-focused atmosphere and family-friendly amenities.

  • Amenities: The community boasts numerous amenities, including parks, schools, walking paths, and shopping centers, contributing to its overall appeal. The vibrant community spirit and organized events further enhance the living experience.

Economic Factors

  • The local economy continues to strengthen, with low unemployment rates bolstering consumer confidence and supporting the housing market.

  • Interest rates remain stable, which encourages buyer activity and provides a favorable environment for those looking to finance their home purchases.

Conclusion

The real estate market in McKenzie Towne is thriving as of August 2024, characterized by increased sales, rising prices, and a competitive atmosphere. The community's desirable amenities and strong economic fundamentals make it a sought-after location for homebuyers.

Recommendations for Buyers and Sellers:

  • Buyers: Given the competitive market, consider acting quickly on attractive listings and getting pre-approved for financing to enhance your offer.

  • Sellers: Price your home strategically based on current market trends and consider making minor upgrades to boost its appeal to potential buyers.

This report offers a snapshot of the current state of the McKenzie Towne real estate market, providing valuable insights for prospective buyers and sellers.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.